Tag: economy
Asian shares tumble, led by 5.1% drop in Tokyo following a tech-driven retreat on Wall St
BANGKOK -- Shares tumbled Friday in Asia, with Japan’s Nikkei 225 index slumping 5.1%.The declines followed a retreat on Wall Street after weak...
Bank of England mulling first interest rate cut since early days of COVID-19 over 4 years ago
LONDON -- Borrowing costs in the U.K. could be cut Thursday for the first time since the onset of the coronavirus pandemic more...
Inflation ticks up in Europe, complicating the European Central Bank's next move
Inflation in the 20 countries that use the euro ticked up to 2.6% in July, stubbornly above the European Central Bank’s target and...
American consumers feeling more confident in July as expectations of future improve
American consumers felt more confident in July as expectations over the near-term future rebounded. However, in a reversal of recent trends, feelings about...
U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market
WASHINGTON -- U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of...
China's top leaders vow to support consumers and improve confidence in its slowing economy
BANGKOK -- China’s powerful Politburo has endorsed the ruling Communist Party’s long-term strategy for growing the economy by encouraging more consumer spending and...